FX NY outlook: USD looks to US data for impetus
First Published Thursday, 9 July 2009 12:27 pm - © 2009 Need to Know News
The USD index is slightly higher than Wednesday's closing level in early NY dealings, though most dollar pairings remained rangebound overnight.
Soft UK retail sales data weighed on the pound, while EUR/USD sellers kept the 1.4000 level out of range.
USD/JPY price action remained sluggish, with investment-driven yen buying keeping the pairing's upside limited.
Thursday's US calendar reveals weekly jobless claims at 8:30 EDT, followed by the June Philly Fed survey at 10:00 EDT. At 13:30 EDT, Treasury secretary Geithner testifies to the House Financial Services Committee.
